Mongodb Inc (NASDAQ:MDB) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.17.

Several equities research analysts recently commented on the company. Canaccord Genuity Group assumed coverage on Mongodb in a report on Wednesday, November 15th. They set a “buy” rating and a $35.00 target price on the stock. Stifel Nicolaus assumed coverage on Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $34.00 target price on the stock. Canaccord Genuity assumed coverage on Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $35.00 target price on the stock. JMP Securities assumed coverage on Mongodb in a report on Monday, November 13th. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group assumed coverage on Mongodb in a report on Monday, November 13th. They set a “neutral” rating and a $30.00 target price on the stock.

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An institutional investor recently bought a new position in Mongodb stock. CI Investments Inc. acquired a new position in shares of Mongodb Inc (NASDAQ:MDB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,000 shares of the company’s stock, valued at approximately $2,226,000. CI Investments Inc. owned approximately 0.15% of Mongodb as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.29% of the company’s stock.

Shares of Mongodb (MDB) traded down $0.93 during trading hours on Friday, reaching $26.52. The company had a trading volume of 169,239 shares, compared to its average volume of 154,410. Mongodb has a 1 year low of $24.62 and a 1 year high of $34.00.

Mongodb (NASDAQ:MDB) last announced its earnings results on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.90). The company had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $37.21 million. The company’s revenue was up 57.8% on a year-over-year basis. analysts expect that Mongodb will post -1.9 EPS for the current year.

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Mongodb Company Profile

MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.